According to recent studies, 70 to 80 percent of new businesses fail to generate enough of a return on investment to justify their existence. If “failure” is defined as “not meeting preestablished goals,” experts at Harvard Business School estimate that 95 percent of all new business will ultimately fail.
Granted, many entrepreneurs do not necessarily regard “breaking even” as failure, because few small businesses will ever be an immediate success right out of the gate, anyway. Therefore, a bit of a struggle is expected. On top of that, it takes drive, perseverance, and unyielding determination to succeed. Still, the dreams of even the most ambitious and determined entrepreneurs may never come to fruition. This means that there will be a point when business owners must decide whether it is worth it to continue, or call it a day.
Regardless of how poorly their businesses may be doing, certain stubborn business owners will decide to press on. While nobody should ever be blamed for being super determined, they should at least attempt to use every resource that they have at their disposal. For instance, maybe they have never thought of the potential of free press release services or wire news services. What better way is there for a business to “get noticed” than through free international news wire services?
Even if a business makes a small profit, who wants to be mediocre? The reason that entrepreneurs decide to start their business is not to break even, or to make a trifling profit; they are in it to make money! Fortunately, there are more opportunities than ever for businesses to find ways to expand their customer bases, grow their businesses, and begin generating the profit that has always been the focus of their visions.
When it comes to starting a business, there are few things more important than generating a buzz among consumers. After all, even the most revolutionary product or service will fall into obscurity if the public never knows about it. But with the availability of free international news wire services, every business finally has a chance.